India Pvc Footwear Market Size & Outlook, 2022-2030
India pvc footwear market, 2017-2030 (US$M)
Related Markets
India pvc footwear market highlights
- The India pvc footwear market generated a revenue of USD 4,534.2 million in 2022 and is expected to reach USD 7,607.5 million by 2030.
- The India market is expected to grow at a CAGR of 6.7% from 2023 to 2030.
- In terms of segment, shoes was the largest revenue generating product in 2022.
- Flip Flops is the most lucrative product segment registering the fastest growth during the forecast period.
Pvc footwear market data book summary
| Market revenue in 2022 | USD 4,534.2 million |
| Market revenue in 2030 | USD 7,607.5 million |
| Growth rate | 6.7% (CAGR from 2022 to 2030) |
| Largest segment | Shoes |
| Fastest growing segment | Flip Flops |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Shoes, Flip Flops |
| Key market players worldwide | Dr. Martens PLC Ordinary Shares, Bata Corporation, Grendene, Liberty Shoes, Khadim India, Decathlon, VKC Group, Havaianas, Ajanta Shoes |
Other key industry trends
- In terms of revenue, India accounted for 7.0% of the global pvc footwear market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China pvc footwear market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 7,607.5 million by 2030.
Shoes was the largest segment with a revenue share of 48.65% in 2022. Horizon Databook has segmented the India pvc footwear market based on shoes, flip flops covering the revenue growth of each sub-segment from 2017 to 2030.
The landscape of the footwear market in India has been drawing a lot of attention in recent years. According to a report from Invest India, the country is the second-largest consumer and producer of footwear globally and is projected to increase eight folds by 2030.
The purchasing behavior of consumers has been changing dramatically owing to the rise in their disposable and per capita incomes. The impact of Western culture has also driven consumer behavior, which can be seen in the rising popularity of styles like Derby shoes made from full-grain Argentinian leather or reliable Oxford shoes.
Also, India has a significant manufacturing base for plastic footwear, leading to the wide availability of options at different price points. Local manufacturers cater to the diverse preferences and requirements of Indian consumers, further driving the popularity of plastic shoes and flip-flops.
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PVC Footwear Market Scope
PVC Footwear Market Companies
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India pvc footwear market size, by product, 2017-2030 (US$M)
India PVC Footwear Market Outlook Share, 2022 & 2030 (US$M)
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